Dot Compliance raises $17.5 million in Series B extension to promote AI-driven compliance
Dot Compliance raises $17.5 million in Series B extension to promote AI-driven compliance
Founded in 2015, Dot Compliance offers a ready-to-use Quality Management System powered by the Salesforce.com platform
Dot Compliance, which develops AI-enabled Quality Management System (QMS) solutions, announced on Tuesday that it has raised $17.5 million in Series B extension funding. The new round of financing was co-led by existing investors IGP Capital and Vertex Ventures with participation from TPY Capital, and brings total funding to $50 million to date.
Founded in 2015, Dot Compliance offers a ready-to-use Quality Management System powered by the Salesforce.com platform. The Dot Compliance Suite includes a set of off-the-shelf ready QMS and compliance pre-configured best practice processes, enabling customers to deploy quickly and cost effectively.
“This funding will allow us to accelerate our momentum and double down on our AI solution,” said Doron Sitbon, founder and CEO of Dot Compliance. “We are thrilled to be able to offer a solution that makes AI-powered insights accessible to all in the life sciences industry, regardless of what data sources they currently use. Dot Compliance is transforming into a data company as we create a new category of AI-driven compliance.”
The latest funding follows a year in which Dot Compliance grew its client base and made significant technology investments. This includes the company’s continued development of Dottie AI, which automatically scans vast amounts of text and diverse data, identifies correlations, and provides ongoing, up-to-date AI insights. The company is now extending its offering to deliver a vendor-agnostic, hybrid solution.
